Raven Engineered Films opens fabrication facility in Virginia

Raven Industries, Inc. (the Company; NASDAQ:RAVN) announced in the beginning of January that its Engineered Films Division is expanding its fabrication operations to the East Coast of the United States with the opening of a facility in Waynesboro, Va. This new location will allow Raven Engineered Films to provide a heightened level of service and faster product delivery to customers of its Energy, Geomembrane and Construction markets. At the new facility, Raven will custom-fabricate materials and strategically warehouse products to better serve this geographic region.

Expanding fabrication to the U.S. East Coast allows Raven Engineered Films to continue growing its core product lines while simultaneously executing Raven Composites?, one of the company?s two strategic platforms for growth announced in November.

?We are committed to our core business and customers,? said Anthony Schmidt, VP and General Manager of Raven Engineered Films. ?Having a presence on the East Coast will allow us to respond more efficiently to the needs of our customers.?

The Waynesboro community is an appealing place for Raven to do business because of its rich heritage of manufacturing excellence as well as its proximity to the Appalachian Basin, major shipping and transportation hubs, and port access. Raven will begin operations in Waynesboro with approximately five team members in early 2020 and will expand based on business demand.

?The City of Waynesboro was built on the foundation of manufacturing firms like Raven,? shared Greg Hitchin, Director of Economic Development and Tourism for the City of Waynesboro. ?We are thrilled to welcome them to our business community.?

» Publication Date: 14/01/2020

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This project has received funding from the Bio-Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement Nº 745828